This bill extends existing military debt protections to cover student loan consolidation and refinancing. Currently, the Servicemembers Civil Relief Act limits interest rates to 6 percent on debts that servicemembers enter into during military service, but this protection does not apply to loans taken out to consolidate or refinance student debt from before military service. The new legislation closes that gap by allowing active-duty servicemembers to consolidate or refinance pre-service federal and private student loans at a rate capped at 6 percent during their period of military service. The bill affects servicemembers and their spouses who have student loan debt and want to refinance while on active duty. No new funding or specific timeline is authorized in the legislation; rather, it amends existing law to expand protections already in place.